BTC/USD is continuing its upward trend and is currently trading at 865 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 800

Kijun Sen: 777.98

Trend reversal: 711.24 (90 EMA)

On the upside, the pair is has broken above resistance at 864 (127.2% retracement of 778.85 and 465.28) and is now targeting the psychological level of 900/972.

On the reverse side, the pair is likely to find support at 792.35 (10-EMA) and a break below would drag it to 775.29 (21-day MA)/743 (December 05 low).